Reminder: National Food Strike this Saturday!

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SaltySaltFace42@reddit

Gonna need some sauce on these record profits 🤨

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Reddit economists refuse to acknowledge things like margins and believe top line revenue is the same thing as net profit. When confronted with this they double down spewing nonsense such as “price gouging” and “greed”.

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kon---@reddit

Margins so low Kroger had to scrape change out of their pockets to come up with the $24.6B offer to buy out Albertsons.

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SneksOToole@reddit

Tell me you don’t understand what a margin is without telling me directly.

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trufus_for_youfus@reddit

This is like getting angry at a low wage worker for accumulating savings over several decades.

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kon---@reddit

It's like pointing out that grocers have vast sums of money generated on, squeezing the customer. But do go ahead and continue to put it on reddit economists and not privately owned corporations who never not once have ever been transparent.

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trufus_for_youfus@reddit

Squeezing the customer with 2% net margins? Give me a break.

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kon---@reddit

Sadly, you whiffed on the bit about the company is not transparent which in turn leaves you missing 20% of Kroger's gross margin. Which for the recent quarter is sitting at 22.6%

You can choose to remain a dupe or, stop championing people who fully do not give one shit about your situation.

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trufus_for_youfus@reddit

Dude. Do you know what the hell a gross margin is? I specifically called this very thing out in my first comment.

Kroger’s net profit margin was 1.43% for the quarter ending April 30, 2024. This is in line with the industry average 1.6%.

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kon---@reddit

Dude. Do you need me to draw you a picture of transparency?

They're lying. Okay?

Anyway....

-peace

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trufus_for_youfus@reddit

It is a publicly traded company for goodness sake. Call the SEC if you think you have a case. You inflated their net margin by a factor of over 15c. Like I said. Reddit economists.

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SneksOToole@reddit

Margins are back to normal levels already, almost all companies saw profits grow post pandemic, and that’s not unusual given what’s happened in past recessions.

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tequilamigo@reddit

Hot damn, I bet the prices are back to 2019 levels by Monday!

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Gloomy-Context4807@reddit

Complete waste of time.

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KnownDescription7920@reddit

I’m hungry so I’m not going to eat ? That makes sense, lol If your sick of prices then f%#king throw a brick and take the damn food. They’re ripping you off then laughing about it with this food fasting they probably came up with just so the morons think they made a difference and you don’t riot. Don’t fall for it. They rip you off so do the same. Passive disobedience is for hippies and perpetual victims. Get Aggressive and smash it up

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Dallas-ModTeam@reddit

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Stevoman@reddit

Inflation is always and everywhere a monetary phenomenon.

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bootycheeksmcgee@reddit

Oh yeah just buy your food the day before or after, that’ll show them! We did it Reddit!

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moby17761776@reddit

Did we just cure world hunger?!?

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bootycheeksmcgee@reddit

The solution was right in front of us this whole time. Eat your fellow humans and then we don’t have to give our money to corrupt super markets again

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OlderNerd@reddit

(rolling my eyes)

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Elegant_Spot_3486@reddit

Thanks. Confirmed best day to go to a nice restaurant. Won’t be busy. I’ll get great service because they’ll be wanting a big tip to make up for the slow business.

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fivemagicks@reddit

Oof. Antiwork. I'll never forget that moderator going on TV. Lol

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IwasIlovedfw@reddit

Housing is not a "right". Food is not a "right".

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dalgeek@reddit

This is as dumb as fuel strikes. Unless you change your habits to reduce the overall amount of money you spend on goods and services then it makes no difference to the bottom line. Grocery workers just get an easy day followed by a day from hell when everyone goes back to catch up on their shopping.

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SneksOToole@reddit

People who don’t understand economics who will buy a bunch of food before and after the strike, proving absolutely nothing except that they don’t understand economics.

Can we stop this cringe trend of protesting as fashion? Protest something with an actual goal, with actual leaders trying to direct change.

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Objective_Piece_8401@reddit

A one day hunger strike. That will show them.